For sale Home

Listed Jul 24, 2026

$1,899,000 Est. $12,560/mo

1046 Balboa

  • 3

    Beds

  • 3

    Baths

  • 1,772

    Sq ft

The story

Rare Beach Tract Development Opportunity! An exceptional opportunity to build a luxury custom home in Pacific Groves highly coveted Beach Tract, one of the Monterey Peninsulas most sought-after coastal neighborhoods. The existing 3-bedroom, 2.5-bath home is being offered as a redevelopment opportunity with architectural plans for a beautifully designed approximately 2,500 sq. ft., 3-bedroom, 3.5-bath residence. The proposed home has been thoughtfully designed to maximize ocean views from the primary suite, living room, and kitchen while offering an open-concept floor plan ideal for modern coastal living. A tremendous value-add, the seller will obtain City of Pacific Grove approval for the new construction plans and pay all costs and fees associated with securing those approvals, allowing the buyer to avoid much of the time, expense, and uncertainty of the entitlement process. Located just moments from the coastline, scenic recreation trail, world-class golf, and charming downtown Pacific Grove, this is a rare opportunity to create a one-of-a-kind coastal retreat in one of California's most desirable communities.

Facts & features

Home type

Home

Year built

1940

Floors

2

Price per sq ft

$1,072

Parking

1-car garage

Included features

  • Roof

    Composition

  • Water Source

    Public

  • Sewer

    Sewer - Public

  • View

    Water

Mortgage calculator

Estimated monthly payment

$12,560 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $10,107
  • Property tax $1,899
  • Insurance $554

Includes principal, interest, taxes & insurance.

Your Property Journey

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Listing Broker

Above and Beyond Real Estate

Broker Name

Above and Beyond Real Estate

Location

Pacific Grove CA 93950